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problems it's unclear how deeply the u.s. will engage on global issues such as syria, iran or china. u.s. relations with the outside world there are more difficult challenges to come. nhk world, washington. >>> president obama won, but he faces many economic challenges. we now ask an expert's view about his outlook. in our new york studio is richard katz, the editor in chief of the oriental economist report, newsletter on japan. mr. katz, thank you very much for joining us today. >> sure. >> among the many challenges president obama will first face the so-called fiscal cliff. how do you think he'll deal with it, and how will that affect asia? >> i think it will be very difficult to deal with it. the republicans have made it clear they continue to want to be the party of no. they're not willing to compromise on a combination of tax hikes and spending cuts. i say there's about a 50/50 chance the fiscal cliff could be avoided. at best it may be extended by a few months. if the fiscal cliff is short and then people come to their senses and compromise, the impact on asia will be small. but if
years and has already, i know, improved training techniques. >> michael skerker is a professor at the u.s. naval academy, and he is the author of this book, "an ethics of interrogation." here it is. this is book tv at the u.s. naval academy. >> is there a nonfiction of your book you would like to see featured on book tv? send us an e-mail. or tweet us. talks about the history of the office of strategic services in china and the successes and failures the organization had. this interview, recorded at the u.s. naval academy in annapolis, md., was a part of the book tv college series and is about 20 minutes. >> on your screen, a professor at the u.s. naval academy, also the author of this book, al ss in china, a prelude to a cold war. professor, if you would, start by briefly describing china's role in world war ii. >> china's role in world war ii is very complex. first of all, china entered the war first. most people in china would agree that china entered the world were to way back in 1937, july july 1937 with china and japan went to full-scale war. that fact, of course gile was not recogn
be very important because of pre-war because china as well as the united states u.s. to lift the asia first and second strategy which has become a major issue. while most of the british try t down play that role and i think in retrospect, both sides had this validity and the argument, and by the time china had becom very important toward the end o 1943, 1944 the nature of the  had changed because the u.s. original strategy was to drive the japanese to the western pacific to the edge to go north and through the japan homeland. but by the end of 1943 to 44 particularly after the battle o the philippines. so the land route which was urgently planned by china have become much less significant. so that's why it is very mplex. >> professor why did you plan the attack in china in 1937? >> that is a long story. to make it short, both japan an china were military and economically in the 1930's and japan has a very different national psyche than the chinese. there are big, divide
is the incumbent president that puts him in a position of power. all through u.s. history incumbents have usually had the advanta advantage. obama campaigned on his achievements. health care reform, ended the war in iraq, decided to pull back in afghanistan and killed osama bin laden. he took the lead in managing the disaster. that was a winning move. obama also found support among the middle class, the biggest group of american voters. he said he would end tax cuts for the wealthy and give everyone access to health care. >> i guess the big question is what will the president's next four years look like? >> along with his main domestic challenge, the economy, he'll also have to face challenges abroad. iran and north korea are two nations his administration will need to address. he'll continue to pressure them to stop their nuclear development. but at the same time president barack obama will have to be very careful to avoid military conflicts. he knows very well that most americans are already wary after the longest wars in u.s. history in iran and afghanistan. >> you mentioned part of this quest
for people in the state of new york. the storm that hit the u.s. northeast put some polling stations out of commission. the governor is relaxing the rules so voters won't be shut out. andrew cuomo issued an executive order allowing residents in areas affected by the storm to vote at any station. officials in neighboring new jersey are also making it easier for people to cast ballots. more than 60 polling stations in new york city are still unusable because of flooding or lack of electricity. workers have set up alternative sites. the voting process in manhattan and the city's other boroughs has become more high-tech. people will be using a new electronic system. they mark paper ballots then insert those into a scanner. it's the first time the system people will use the system in a u.s. presidential election. the results will start streaming in tuesday evening in united states. obama and romney will watch the returns come in from their respective home bases, chicago and boston. obama arrived in his hometown early in the morning with the first lady. the latest polls suggest the president a
cementing his position as successor to president hu jintao. he visited the u.s. in early 2012 to promote relations. his counterpart, vice president joe biden, was with him for much of the five-day visit. >> xi showed that on some issues the two governments will not necessarily see eye to eye. >> reporter: xi will likely be joined at the top by the man widely expected to become china's next premier. >> lee became a member of the politburo standing committee in 2007. he skipped the stage of politburo member during the communist party convention along with xi jinping. lee became vice premier in 2008. lee is 57 years old. he hails from a province and is currently in charge of domestic policy. >> li studied law at the prestigious beijing university, where he went on to get a ph.d. in economics. hiss classmate told us li also dedicated himself to studying english. he said the man who will become china's premier show nod sign he would become a politician. >> i think every single day he had a lot of tickets in his pocket. in one side, he write english, another side, chinese together. start out l
, this is the journal. >> here's a look at what's coming up. >> the u.s. heading towards its fiscal cliff. the president reaching out to congress. >> the german parliament passes a disputed child care benefit. >> the day of the wall came down. evens that changed everything. >> in less than two months, the u.s. will enter the perfect economic storm known as the fiscal cliff. a combination of tax increases and budget cuts could send the united states back into recession. >> barack obama back at work after his election reached out with republicans today saying he wants to reach a solution but only f the ridges are asked to give more. >> i'm open to compromise. i'm open to new ideas. i'm committed to solving our fiscal challenge, but i refuse to accept any approach that is not balanced. i'm not going to ask students and seniors, middle-class families, to pay down the entire deficit while people like me, making over $250,000, are not asked to pay one dime more in taxes. i'm not going to do that. "the very clear word from the newly elected president. what do you think? you have the president inviting congress
in the state of new york. the storm that hit the u.s. northeast put some polling stations out of commission. the governor is relaxing the rules so voters won't be shut out. andrew cuomo issued an executive order allowing residents in areas affected by the storm to vote at any station. officials in neighboring new jersey are also making it easier for people to cast ballots. more than 60 polling stations in new york city are still unusable because of flooding or lack of electricity. workers have set up alternative sites. the voting process in manhattan and the city's other borrows has become more high-tech. they can mark paper ballots and insurt those into a scanner. it's the first time the system will be used in a u.s. presidential election. the results will start streaming in tuesday evening in united states. obama and romney will watch the returns come in from the respective home bases, chicago and boston. >>> obama arrived in his hometown early in the morning with the first lady. the latest polls suggest the president and his republican challenger mitt romney remain locked in a dead heat.
>> hi, everyone. welcome to the "journal" coming to you live from dw in berlin. the u.s. president defies a fragile economy and high unemployment to win the election, telling the american people the best is yet to come. >> appeals from angela merkel to her european partners -- an end to the eurozone debt crisis will require more unity. >> and a parliamentary vote on another round of austerity cuts in greece. >> thanks for joining us. barack obama has won his second term in office as president of the united states, but his celebrations will be short-lived as the multitude of urgent issues on his desk draws him back to work without delay. >> the first order of business will be to negotiate a new budget deal in congress by the end of the year. otherwise, and harsh plan of spending cuts and tax increases are due to go into effect. we will hear more about that later on in the show, but first, a look back at how things play out on election night in the u.s. >> his face said it all -- president barack obama had to fight hard to keep his job in a tough race against his republican challenge
a possible recession if the deal on taxes is not reached. investors continued to worry if the u.s. will avoid the dreaded fiscal cliff, let's not point out the most previous minutes. plus retail cannot escape hurricane sandy. sending sales numbers down about 1%. a 4% rise in profits, jumping as much as 32% right now. staples looking good after having higher on all kinds of news. check out what else is soaring today. finally getting an earnings report that people like better-than-expected earnings after the bell yesterday, expected optimistic guidance. the chairman and ceo, 24 hours since those numbers came out, we will ask him if he investors should be expecting more numbers like today and what does he think about the fiscal cliff. what ideas does he have the president right now. and why we dropped 50 points farther from where we were already. down about 78 points, fell 122 down, now it does not look good. why? >> why? i thought maybe you would say something positive. i think we are just dealing with the aftermath of the election. this is not unexpected. it is the same old rhetoric, the same
speeches, fund-raisers, they're all over. now comes down to u.s. voters. more than 120 million are expected to show up at the polls. >> and european investors are holding off on big moves. equities just edging higher led by technology stocks. >> and adecco sees hiring picking up in america. >>> we're finally here, election day in the united states. before that, we have the latest pmis out of the eurozone. economy declined steepening going into the fourth quarter. the final services pmi lower than the flash. it was 46.2 was the flash. lowest since july 2009. that means the composite final pmi 45.7. the flash 45.8. french services pmi weakened, also. 46.2. so both those major parts of the eurozone economy -- >> and remember, this is a leading indicator. if you see europe doing any better next year, you have to start seeing at least this indicator bottoming. >> dollar just dipped down to its lowest point of the session on the back of that. and of course we've got in spain they're talking about the groth being much weaker than the government's forecast. >> even though their service might have b
at 9:15, the impact of new leadership in china on u.s. relations. president obama traveling in parts of asia. we will have those segments, plus, we will take a look at the papers and take your phone calls as well "washington journal ."shington, we will see you then. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> next, a discussion on the future of u.s. diplomacy. after that, a forum on the effectiveness of al-qaeda in yemen. >> a former state department officials from the obama and george w. bush administration's discuss public diplomacy in a tough budget in vermont. the discuss the effectiveness of student exchange programs and government-backed broadcasting outlets, like "voice of america." the george washington school of international affairs hosted this event tuesday. this is an hour and 45 minutes. >> that is public diplomacy in action. [laughter] i'm a professor here at gw and the director of the institute for public policy and global communication. you can find us on twitter @ip dgc. we're also on fa
. job figures are out in the u.s. today at the battle for the white house goes to ohio and wisconsin. dozens of young men have been shocked by the military in northeastern nigeria. welcome to bbc world news. also, the world bank says burma and will get its first development plan. and, tackling the energy question. human rights groups have condemned a video posted on the internet which appears to show syrian rebels of executing captured government soldiers. amnesty international says if confirmed, it constitutes a war crime. we are asking whether this is something new. >> it has happened before. but now it is becoming more and more obvious that the rebels are committing killings like the regime, and at the same level, both of them. it is just days before a big conference in doha where the opposition is asked to unified under one group, in order to bid but to lead the rebels on the ground, because there's a big discrepancy between the political leadership and the rebels on the ground who are fighting, in their aspirations, in the way they are conducting their rebellion. >> are they out
as successor to president hu jintao. he visited the u.s. in early 2012 to promote relations. his counterpart, vice president joe biden, was with him for much of the five-day visit. >> xi showed that on some issues the two governments will not necessarily see eye to eye. xi will likely be joined at the top by li kequiang, the man widely expected to become china's next premier. li became a member of the politburo standing committee in 2007. he skipped the stage of politburo member during the communist party convention along with xi jinping. li became vice premier in 2008. li keqiang is 57 years old. he's currently in charge of domestic economic policy. >> li studied law at the prestigious beijing university, where he went on to get a ph.d. in economics. his classmate told us li also dedicated himself to studying english. he says the man who will become china's premier showed no sign he would become a politician. >> i think every single day he got a lot of tickets in his pocket. in one side, he would write english, another side, chinese together. start out like this. and every day he read this,
the handover of power in china will impact relations in the u.s. >> we're in london to talk about shipping trends. >>> plus what will obama do about the looming fiscal cliff? we'll have plenty of analysis from commentators. >> and we'll hear first from the cfo of aliance. but first day two data suggested growth is picking up and inflation is moderating meaning beijing may have more scope to ease if necessary. ppi industrial output and retail sales all came in better than forecast. eunice joins us from beijing. i'd hate to suggest this is quite good timing for this data. very convenient. >> what are you suggesting? a lot of people are saying that the numbers are showing the economy is bottoming out and a lot of people do use the numbers as a guideline at least. they're saying the investment figures were encouraging. looking relatively strong. the government hasn't put up of much money in the infrastructure projects, so that's part of the equation here. other part is retail and consumption side actually look pretty good. numbers came in at 14.5% growth and that beat expectations. a lot of th
, so whether the u.s. down there or italy and spain here in the periphery, 4.7%, 6%, remarkable there, level for spain even today as the country's banks are being more fully examined in light of the national examination plans. the dollar/yen pulling back about half a percent to 8167. let's get to deirdre bolton from singapore. hi, deirdre. >> hi, kelly, how are you? and it's morris, by the way. but i'm flattered that you call me bolton. in china and hong kong, it was all about, what else, the fiscal cliff. those comments from the senate majority leader harry reid overnight really sparked some jitters in this session today, so we have red across the board. the shanghai composite, it is well and truly below that 2011 level, shedding another .9 of a percent. the hang seng was feeling some of that pressure from chinese stocks and shedding .6 of a percent. it was the mainland banks that were the culprit. they didn't fare as badly if the mainland. some capital requirement rules are going to be implemented that are raising concerns about loans and the ability of these major banks to give out
>>> welcome to nhk world "newsline." the two leading candidates fighting to be u.s. president hardly have time to sleep or eat as they dart from state to state trying to solidify their support. the latest poll ahead of tuesday's vote suggests barack obama and his republican challenger mitt romney are almost tied. obama has 49% support. romney has 48%. the candidates dashed through key swing states over the weekend, including new hampshire. they are making their final arguments to voters. both campaigns are trying to lock in crucial electoral college votes. >> you know that i know what real change looks like, because i fought for it alongside you. i've got the scars to prove it. i've got the gray hair to show for it. >> romney hopscotched between the swing states of new hampshire, iowa, colorado and ohio. >> the question of this election comes down to this, you want four more years like the last four years or do you want real change? >> romney is also focusing on wisconsin, one toss-up state where obama is said to have a lead. and he is running more tv ads in pennsylvania, mich
's to u.s. lawmakers: avert the fiscal cliff, or risk a credit downgrade. >> tom: i'm tom hudson. we're going global with legendary investor mark mobius, franklin templeton's top strategist on the state of emerging marketnow. >> susie: and picture this: the u.s. is just a few years away from being the world's top oil producer, and self-sufficient. we'll tell you who's making that prediction, and investment strategies for your portfolio. >> tom: that and more tonight on "n.b.r."! >> susie: the u.s.'s top-notch credit rating is at risk. that's the warning today from moody's investor's service. the ratings agency told u.s. lawmakers that when it comes to the fiscal cliff, the time to act is now, not next year. moody's said if action on averting the cliff is delayed until 2013, it might downgrade the stellar credit rating on u.s. debt. right now moody's has a negative outlook on the u.s. economy. worries about a fiscal freefall, kept wall street stocks in check: the dow and nasdaq fell a fraction, while the s&p was up a fraction. american businesses are not only concerned about the fisca
recent biennial survey which looks at american public opinion on the u.s.'s role in the post-9/11 world will be the launch pad for today's conversation. all on this panel and i were in government on 9/11 which, by the way, occurred on a crisp and clear tuesday, which will be tomorrow's weather so i understand, and the day of the week that is tomorrow. we were in different roles. all of us regardless of our party position or party, struggle to find the right strategies to keep our country safe. looking back on it, we did some things right and some things wrong. i lament especially that we never debated and put in place a comprehensive legal framework for the post-9/11 world. mike hayden, who you'll meet in a moment, was prepared to help with this by fully briefing the intelligence committees at more than one point. but at one point was called back by the white house and not able to brief us on a crucial part of the strategy. there was a headline of an op-ed in yesterday's new york times. and it was "how resilient is post-9/11 america?" the piece made the point, which i think is critical
a little bit and to talk just for a moment about the u.s. competitiveness and the u.s. economy in a global context. and their actually was an oecd report that came out this morning that does that admirably. this report predicts that within four years, by 2016, the chinese economy will be bigger than the economy. and what the oecd report sort of further says, it's a great report. if you're interested, take a look online. today the u.s. economy accounts for 23% of the world's economy and india is 7. in 2030, according to the oecd predictions, china will be 29% of the world economy, the u.s. will be 18 and india will be 11. and those are, i think, really worthwhile numbers to keep in our mind as we talk about u.s. competitiveness in the world economy, because we're entering this entirely new era where the u.s. is going to be a big player in the world economy but no longer the preeminent, the very largest one, and i think that brings real challenges and requires a whole new way of thinking. so my opening remarks, steve was introduced, i think quite rightly, as a guy who i hope is getting cases
>>> welcome to worldwide exchange. here are your headlines. the final set of numbers on the u.s. jobs market before the election are out in just a few hours forecasts calling for another month of modest but not stellar payroll growth. >> dow, nasdaq post strongest session since mid september. >> the rising cost of sandy, one major risk modeling firm now says the economic losses from the storm could reach $50 billion. >> and china steps insecurity ahead of next week's com you uhe nis party congress. even model airplanes have been grounded. if you're just joining us, very good morning to you. this is where we stand. we are at the moment dow 24 points below fair value. let's show you where we is an with you're feuropean stocks. cac down half a percent, ftse 100 down 0.2%. let's show you some individual stocks in focus. losses on friday hurt by a sector wide slump. equipment maker cutting back spending down as you can see merely 7%. rbs coming out with results this morning. this is the uk bank with a government owned majority and part nationalized lending reporting an increase in th
the country's economic challenges. they're particularly worried the fiscal cliff could weigh down u.s. growth into the new year. >> it's a pretty sad day for wall street. >> i don't think it's for the best of the country. i had a good feeling that romney was going to be a better candidate for the economy. not bowl. obama. >> many offices in history manhattan remain closed. new york city officials have struggled to turn power back on after hurricane sandy hit last week. >>> following an overnight plunge on wall street tokyo share prices are falling thursday morning. the key nikkei arm now currently standing at 8888. that is down 84 points, or just about 1%. investors placing sell orders on especially export-related issues. currencies, the dollar is currently being sold against the yen. worries about u.s. and european economies. the dollar/yen, 79.96-80.01. the euro/yen, 102.01-06. market players are buying the yen, it's regarded as a relatively safe asset amid pessimistic factors. those include the overnight sell-off on wall street, as well as the grim economic outlook for the eurozone which w
with the united states more reliable. the japan/u.s. alliance has been weakened under the democratic party government. >> abe says the liberal democratic party is well prepared for the election. he says it has reviewed its principles and streamlined its policies. there were mixed reactions from people around japan. >> translator: we are suffering so much in fukushima since last year's disaster. i don't understand why politicians cannot work together. >> translator: fukushima is slowly but steadily moving forward in its recovery. it would be regrettable if the momentum slows in the coming weeks. >> translator: i've been looking for a job for two months. i just want the government to create more jobs. >> a business leader expressed his hopes. >> translator: the private sector is trying its utmost to survive. we hope politicians will create a society and nation where those who make efforts are duly rewarded. >>> campaign managers are already busy mapping out their tactics. nhk world's senior political commentator masayo nakajima has charted the strategy of countless campaigns. i asked him ear
here. the u.s. allegatielections and redskins lost. >> we will mention the redskins indicator, but it's true whether the u.s., china, greece, eurozone itself would make for a big week, but combine them all together, in fact it's no wonder that markets are a little unnerved. >> coming up today, plenty to get through. we're at singapore where hundyui shares are down. >> and here in london, uk pmi data will be out. the question whether it will follow an upward trend. >> and china preparing for the once in a decade political handover. we'll take a lower look at the new leadership. >> when the redskins win or lose, it has predicted the top winner since 1980. there has been a notable expossession of 1984. >> although gore did win the popular vote but not the electoral college. >> in 2000. >> that's right. >> the all-important football -- i should say american football indicator here. it points towards a romney victory. >> besides all that, plenty corporate news. hsbcs has set aside an additional $800 million in the third quarter to deal with the u.s. anti-money laundering probe. that brings
. the japan/u.s. alliance has been weakened under the democratic party government. >> abe says the liberal democratic party is well prepared for the election. he says it has reviewed its principles and streamlined its policies. there were mixed reactions from people around japan. >> translator: we are suffering so much in fukushima since last year's disaster. i don't understand why politicians cannot work together. >> translator: fukushima is slowly but steadily is moving forward in its recovery. it would be regrettable if the momentum slows in the coming weeks. >> translator: i've been looking for a job for two months. i just want the government to create more jobs. >> a business leader expressed his hopes. >> translator: the private sector is trying its utmost to survive. we hope politicians will create a society and nation where those who make efforts are duly rewarded. >>> campaign managers are already busy mapping out their tactics. nhk world's senior political commentator masayo nakajima has charted the strategy of countless campaigns. i asked him earlier what voters are thinking abo
the disputes should not be internationalized, an indirect reference to the united states. u.s. president barack obama and chinese premier wen jiabao held bilateral talks before the summit began on tuesday. they both seek closer ties with southeast asian countries as part of their competing regional strategies. >> it's important that our two countries cooperate to build a more secure and prosperous future for the asia-pacific region and for the world. >> despite their friendly words, both sides took their differences with them to the east asia summit. obama called on the country's concern to quickly draw up the code of conduct. one indirectly said the united states should not be involved, stating that the disputes should not be internationalized. now, obama's trip to asia is a sign that america's so-called pivot to asia strategy remains unchanged after his re-election. his visit to myanmar was criticized by some observers. they say it was premature. obama went ahead anyway, a signal of his desire to increase u.s. influence in southeast asia and keep china's ambitions in check. nhk world's matthe
of their force projection in the persian gulf into that conflict. i think there is hope that the u.s.-israel relationship is strong and open enough and the lines of communication are open up that it would not happen. one of the other things that if it may give a little positivity towards that is a concern that the nuclear facilities are so far in the ground that israel does not producing a satisfactory assault. they would need u.s. plant emissions to carry some of those weapons. perhaps that might give some hope there would be communication, if there is an attack down the line, that the two countries would be to work together and cordray. host: 3 more, go to foreignpolicy.com. thank you for talking to our viewers. guest: thank you for having me. host: that does it for today. we will be back live tomorrow morning but lawmakers make their way back for the lame-duck session that begins today. we will be up there taking your calls and your comments and questions. thank you for watching today. [captioning performed by national captioning institute] [captions copyright national cable satel
, that trade officials see challenges ahead. most recently, over solar panels. the u.s. has approved steep trade tariffs, a move officials here say could backfire and cost american companies this market. >> translator: someone asked me are you in a trading war with the united states? i said no. i hope we can sit down and discuss and try our best not to get involved in trade war. but i must say when others tackle businesses, i have to protect our businesses. >> policymakers also attempted to ease concerns about a brewing debt crisis here. >> translator: the bad loans have been on the rise this year, mostly due to the difficulties in management of some industries. but the overall bank as a quality stable and the risk is under control. ratio almost the same as that at the beginning of the year, far lower of the world's major banks. >> regulators and bank executives said that chinese banks have spread the loans across several different sectors including steel and solar panels help to go mitigate the risk, however there is still widespread concerns that overcapacity in several of those industri
in the u.s. we'll head out to new york city later in the show for a preview of what to expect on wall street today. and more than 2,000 hand picked chinese delegates gathered at the great hall of the people to kick off the communist party week long transition. beijing will only officially reveal the next generation leaders thursday. hu jintao promised political and economic reform, but he stressed china won't abandon one party rule and will stick to the socialist path. eunice is live for us. this is his big final speech, so reading in sort of between the lines almost is very telling. it's the legacy he's trying to cath. and what less gassy is that? >> many here believe what he is saying is significant in that it is his final farewell. he really was just reading through the work report to talks about the achievements, the economic and political achievements that the party has had. and also to outline the future challenges. one of the first challenges you had already addressed is the issue of corruption. he said the government needed to do more to root it out. >> eunice, we're having tr
's second largest economy behind the u.s. the chinese government with its growing military started to flex its muscles in the region. it wrangled with asian nations over control of islands in the south china sea and east china sea. >> and joining us now is michitaka. michitaka, you were with me in the great hall of the people when president hu was giving his final speech as communist party general secretary. what do you make of his words? >> the most notable part of the speech was when president hu spoke about the concept he's long supported. he was to make scientific outlook on development one of the communist party's guiding principles. it calls for review of the party's growth and economic policy and aims to incorporate sustainable development, which takes into account social welfare and the environment, making this concept a guiding principle would be part of hu's legacy. it would give him the same status as leaders past including dung zhao ming and deng xiaoping. and it will help him maintain influence within the party after he steps down. hu also advocates during his speech that chin
. a combination of tax increases exami and spending cuts and could push the u.s. economy into a recession as all eyes are on how that develops. here in japan, too, the nikkei was down 3.75% last week, so we saw that play into the markets as well. the gdp figure is coming at 0.9% for the july-to-september period. we'll see how that is translating into the opening levels. let's go to the opening levels for the nikkei and topix for many monday, november 12th. both indices are down by half a percent there. the nikkei closed out last week at a four-week low as the yen gained against the dollar and euro. the japanese currency rose. really investors shifting money into yen-based assets and the higher yen weighing on export issues. this is at a time when many japanese corporations are releasing poor earnings over the last couple of weeks. that's all most of that based on the strong yen. don't forget europe, we can't ignore that sector and economy either. the renewed concerns about greece despite pushing through an austerity plan. that's a big focus as well, how that plays into stock markets. >> how are
by the international energy agency comes as new technologies opens up huge oil reserves underground. the iea said u.s. oil output will surpass that of saudi arabia and other countries by 2017. the u.s. has established technology to extract shale oil from hard rock layers thousands of meters below the ground. commercial production has already begun. the agency says the u.s. will be nearly self-sufficient by 2035. that's due to an expected surge in the production of shale gas, a type of natural gas also trapped in underground rock. america currently relies on imports for 20% of energy needs. once the u.s. achieves successful sufficiency in energy, it may start showing less interest in oil producing regions including the middle east. >>> let's check on the markets. the u.s. markets changed little overnight. trading volume was low as other markets as long as the u.s. bonds market was closed for veterans day. and to see how stocks in japan are doing, we go to ramin mellegard at the tokyo stock exchange. how are things kicking off over there? >> good morning to you. yes, indeed. still a bit of hesitation i
the u.s. life led on the sidelines of the east asia summit. the negotiators wanted to conclude a deal by the end of this year, but they couldn't agree on how to elimite taffs and they're still divided on other issues such as whether they will allow exemptions to the rules. australian prime minister julia gilliard said an ambitious deadline would be to reach agreement by next oblt. the negotiators will meet again next month in new zealand. >>> january 1, 2013 marks more than just the new year. for americans it could be the beginning of simultaneous tax hikes and spending cuts. >> talking about t fiscal cliff and everyone is talking about it including the u.s. federal reserve chairman ben bernanke. he warned the imminent fiscal cliff poses a stashlg threat to the nation's economy and does say cooperation to resolve budget worries could boost u.s. growth. >> the realization of all of the automatic tax increases and spending cuts that make up the fiscal cliff ab isn't offsetting changes would pose a substantial threat to the recovery. >> the central bank chief urged the government and con
to major corporations. what can we do for you? >> it has been a truly momentous week. first, the u.s. election. the confirmation the chinese elite will steer china through the next decade. >> china will develop its own type of democracy, whether the west except it or not. >> we speak to henry kissinger in his first television interview since president obama was reelected. >> i think that both obama and xi jinping will have to acts themselves how they expect the relationship to of golf. >> with social media websites going in and out of fashion, we asked the founder of tumblr makes this different. >> it is a delightful surprise when you bumped to a stranger who cares about the same stuff that you do. >> the leadership of the world's second-largest economy is being replaced according to plan. the incoming president will come under increasing internal and external pressure. as hu jintao hangs over to -- hands over to xi jinping, demand for social change, health care, pensions grow louder. hu jintao has said there will be no western-style democracy but how much will the media fuel the con
to u.s. leaders negotiating over the so- called fiscal cliff about the serious financial impact looming on the horizon. that's where we begin this morning. how confident are you about the state of the u.s. economy? what steps are you taking to prepare for the potential impact if the u.s. goes off the fiscal cliff? give us a call this morning. you can also catch up with us on all your favorite social media sites, twitter or facebook. or e-mail us. thismorning to you on wednesday, november 21. we are talking about federal reserve chairman ben bernanke's comments yesterday about the fiscal cliff, and getting your thoughts on bthe u.s. economy. and this headline -- also, in the financial times -- to tell little bit more about ben bernanke's , and sister day we turn to david clarke of "politico," their financial services editor. thanks for joining us. guest: thanks for having me. host: what is making the most waves from his speech? guest: in the past he has warned that congress and the president's path to take care of the fiscal cliff. yesterday he said it is not simply doing it but how they
's shift to democracy in a first ever trip by a serving u.s. president to the country. but he cautions that his trip should not be seen as an endorsement of the country's sgoechlt. and oil futures hitting a two week high as international pressure mounts for a cease-fire in gaza. u.n. secretary general ban ki-moon is heading to cairo for emergency negotiations. good morning, welcome to the program packed full of fantastic guests to give you you updates and analysis on where we are in trade. if europe, higher by 0.8%. coming off the 3 1/2 month low that we saw in the close on friday, helped along by optimism on the negotiations to avoid a fiscal cliff state side. we saw quite a rally in the u.s. on friday's close and that is feeding through to europe here this morning. ftse 100 higher by 09%, xetra dax by more than 1% and ibex 35 more than half a percentage point. the bond markets, the question is whether or not we'll see a lid on on bond prices on treasuries especially if we manage to overt a fiscal cliff scenario, if we see productive talks continuing. right now we're seeing the yield
>>> these are your headlines. >> a tough start to a new month for equities as all through u.s. indexes snap a four month winning streak in the first day of trade after the market shut down. >> campaigning resumes as the northeast assesses the damage from super storm sandy. good and big earnings day for oil giants giants. shell sees a fall and exxonmobile due to report before the opening bell. >> growth recovery may be near. official october pmi bouncing back into expansion territory. >>> we're under way just one hour and an awful lot to to get to. >> new york city still struggling to right itself after monday's super storm. one stap he have the big apple will return, the mta will resume partial subway service on 14 lines. la guardia airport will also reopen at 7:00 a.m. with limited service. amtrak says it will try to restore service to penn station come friday. >> homes in bay ahead are seriously damaged or destroyed. president obama got a firsthand look with governor chris christie yesterday afternoon. >> and danielle lee joins us, she's in the town of toms river. and we kn
chairman this year of the u.s. telecom trade association. he's been our guest on "the communicators" along with paul barbagallo of bloomberg. gentlemen, thank you. >> guest: thank you.Ñsr >> next, the interim america dialogue discusses the results of the november 6th elections and implications for latin america. panelists discuss the prospects for change with the obama add enrings' policies involving immigration, trade, drug policy, and economic cooperation. this is about an hour and ten minutes. >> this morning, we're going to have a conversation, a discussion, about the elections, november 6th elections in the united states, and what the results mean for u.s. relations and latin america, and the idea really is to have a good exchange and to engage everybody here to talk about what the significance of the outcome might be. we're going to start with the few opening remarks, and then invite, encourage you to share your insights about what the elections might mean. i'm joined this morning by three of my colleagues from the inter-american dialogue, peter hakim, the president emeritus and sen
and led to the worst oil spill in u.s. history. inits guilty ple b.p. saidt deeply regrets the loss of life and almost five million barrels of oil that into the gulf. darren gersh reports. >> reporter: justice department officials hope today's settlement and criminal pleas will bring justice to the families of the men who died when the "deepwater horizon" exploded. >> perhaps the greatest tragedy is that the deaths of the 11 men on board the "deepwater horizon" could have been avoided. the explosion of the rig was a disaster that resulted from b.p.'s culture of privileging profit over prudence. >> reporter: b.p. has agreed to plead guilty to 11 counts of felony manslaughter and one felony count of lying to congress. in addition, two b.p. supervisors on the deepwater rig have been charged with 23 counts of manslaughter. another b.p. executive was charged with lying to congress. b.p. will also pay a record- setting $4 billion in criminal fines and penalties. thrown in with the criminal charges is a civil settlement with the securities and exchange commission. b.p. will pay more than h
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